Douglas Altabef Three Quotations

Three years ago people actually thought that the Dow could go to 36,000 and it did the opposite. It's when people have really given up on the prospect of a real rally that you see a real rally, but try telling that to most investors now. Three years ago there was no reality dose, today there's no perspective.

It was great that we had three or four days of a healthy bounce. But our take is that the market is being unduly punitive right now.